The NFT market is currently experiencing a surge in activity. With a market capitalization topping $9.3 billion, it’s clear that NFTs are back and booming. This marks a solid 40% increase from July, according to NFT data tracker NFT Price Floor, which shows a surge from $6.6 billion last month.
This increase is primarily due to Ethereum's recent price surge. Ether (ETH) recently pushed past the $4,000 milestone and is now hovering above $4,600, giving NFTs a serious boost. Since so many NFTs are based on Ethereum’s blockchain, the bullish momentum of ETH translates directly into higher market values and more activity in the NFT space.
CryptoPunks, BAYC, and Pudgy Penguins Lead the Charge
CryptoPunks continues to reign as the top NFT collection, valued at a jaw-dropping 526,900 ETH, or about $2.4 billion. In the last week, CryptoPunks saw nearly 4,200 ETH in volume, which translates to nearly $20 million in sales. That’s right, 90 sales, averaging over $217,000 per NFT. Not bad, right?
Then we have the Bored Ape Yacht Club (BAYC), with a valuation of $602 million, and Pudgy Penguins, not far behind at $591 million. But here's where it gets interesting – while BAYC leads in valuation, Pudgy Penguins is actually topping the seven-day volume charts. DefiLlama data shows Pudgy Penguins had a volume of $8.7 million last week, compared to BAYC’s $6.3 million.
In my view, Pudgy Penguins is truly showing its muscle, and it’s hard not to admire their journey. CEO Luca Schnetzler (aka Luca Netz) revealed in an interview that expanding the collection into a physical toy brand was the move that saved them from bankruptcy in 2022. Since then, Pudgy Penguins has been leading the charge, rivaling the best blue-chip NFT collections.
BTCS has joined the Pudgy Party!
— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) August 11, 2025
We're now the proud owner of three @pudgypenguins.
Who is your favorite? 👇 pic.twitter.com/6rSSl5bdMJ
And the plot thickens – BTCS Inc., a blockchain company, just added three Pudgy Penguins to its corporate treasury. Talk about solidifying their status.
So, it’s not just the usual suspects that are seeing success. Other top collections by market cap include Art Block’s Chromie Squiggle by Snowfro, Autoglyphs, Fidenza by Tyler Hobbs, Lil Pudgys, Mutant Ape Yacht Club (MAYC), Moonbirds, and Milady Maker. It’s clear: the NFT market isn’t going anywhere, and it’s only getting bigger.
If you’re not already paying attention to the NFT space, it might be time to start; these digital assets are seriously making waves.
Gunel Ismayilova
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
